DETERMINING RELATIONSHIP BETWEEN ECONOMIC GROWTH AND ENVIRONMENTAL PROTECTION

Svetlana Ignjatijević; Anđelka Aničić; Jelena Vapa Tankosić; Jelena Belokapić Čavkunović

doi:10.5937/Oditor2001036I

Authors

Svetlana Ignjatijević Faculty of Economics and Engineering Management, Novi Sad, Serbia Author
Anđelka Aničić Higher Business School of Vocational Studies „Čačak“, Belgrade, Serbia Author
Jelena Vapa Tankosić Faculty of Economics and Engineering Management, Novi Sad, Serbia Author
Jelena Belokapić Čavkunović University of Business Studies, Banja Luka, Republic of Srpska, Bosnia and Herzegovina Author

DOI:

https://doi.org/10.5937/Oditor2001036I

Keywords:

green growth, green economy, EPI index, environment, green politics

Abstract

The subject of this paper is the analysis of the relationship between economic growth and the environment performance. The authors have investigated the EPI index while our research covered the period 2010-2018. The findings reveal that environmental policy directly and positively influences economic performance through the improvement of environmental conditions. However, many analysts fear that the demands of the green economy already create high costs, and that its benefits will be materialized in the long term. Finally, sustainable business operations - the green economy requires timely harmonization, in order to fulfill the goals of environmental protection.

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